Jan 20 2011
Meanwhile, the AP reports on how some insurers are profiting from "playing the float."
Chicago Tribune: Medicare's Policy On Therapy Comes Under Attack
The federal government is illegally denying thousands of chronically ill Americans needed therapies and medical services, five national organizations charged Tuesday in a lawsuit filed in U.S. District Court in Vermont (Graham, 1/18).
The Associated Press: Insurers Profit On Medicare Float
Private health insurance plans catering to Medicare recipients are making millions by taking money the government sends in advance — but isn't immediately needed — and using it to make investments, federal investigators say in a report obtained by The Associated Press. In financial parlance, it's called "playing the float" (Alonso-Zaldivar, 1/19).
This article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente. |